Insolvency & Restructuring

Working with leading legal and accountancy practices, we have extensive expertise in insolvencies with an international element and have advised on many significant cross-border insolvency cases, both contentious and non-contentious, as well as security enforcement, asset tracking, disclosure and freezing orders.

Our highly experienced team has also for a number of years been at the cutting edge of developing the law on assisting foreign office holders and from seeking assistance from the courts in other jurisdictions.

Today ARIES, the Association of Restructuring and Insolvency Experts, being the Channel Islands member of INSOL International, has produced Guernsey Insolvency Practice Statements (“GIPS”). These are a voluntary initiative launched in Guernsey intended for ...

On 19 August 2015 the Royal Court of Guernsey issued an important Practice Direction concerning the information which will be required to accompany any future application for the appointment of a liquidator or administrator.

Bedell Cristin partners Anthony Dessain and Edward Drummond and Associate Jessica Bermingham have acted on the recent successful restructuring of syndicated bank facilities of over $5 billion for United Company Rusal plc ("Rusal"), a Jersey company listed o...

We are pleased to announce our membership of the World Services Group (WSG) representing both Jersey and Guernsey in the Channel Islands. We are looking forward to working with other member firms and developing our membership.

On 22 May 2013, the Court of Appeal of England and Wales delivered the reasoned judgment for allowing the appeal from the decision of the High Court of 12 April 2013 which we referred to in an e-alert dated 2 May 2013.

For the first time the Royal Court of Jersey has given guidance on the issues facing trustees of trusts who find that they are unable to pay trust liabilities out of trust assets as they fall due, or where the trust liabilities exceed the trust assets. Whi...

Insolvency office-holders appointed under a law or by a court outside Jersey will have no authority, as a matter of Jersey law, to act in Jersey. It is normal therefore for an application to be made for recognition of their appointment and authority to exe...

Bedell Cristin has acted for the Joint Liquidators in the winding up of three Jersey incorporated companies ordered under the Companies (Jersey) Law 1991 (the "Companies Law"). The winding up proceedings are particularly significant as they involved the su...

In everThe concept of administration under Guernsey insolvency law is a relatively recent one. Since the changes to Guernsey company law in 2008 it is now possible to obtain an administration order from the Royal Court in Guernsey. The purpose of such an or...

The latest edition of the highly acclaimed work on insolvency in Jersey, Channel Islands, has been published which includes updated and enhanced analysis on a range of legal developments in the Island.

This article written by Edward Drummond discusses the merits of incorporating a rescue culture, and an appropriate procedure enabling rescue, into Jersey Law.
Published in The Jersey and Guernsey Law Review, October 2015.

There has been continued growth in companies incorporated outside England using the scheme of arrangement regime contained in the UK Companies Act 2006 to restructure debts governed by English law. But in what circumstances should the debtor also initiate a...